ACC - Week 3 - Assignment – WileyPLUS ACC 561 Assignment Week 3 Practice Quiz Multiple Choice Question 37 A major purpose of cost accounting is to measure, record, and report product costs. class

ACC - Week 3 - Assignment – WileyPLUS ACC 561 Assignment Week 3 Practice Quiz Multiple Choice Question 37 A major purpose of cost accounting is to measure, record, and report product costs. class

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ACC 561 Assignment Week 3 Practice Quiz

Multiple Choice Question 37

A major purpose of cost accounting is to

measure, record, and report product costs.

classify all costs as operating or nonoperating.

measure, record, and report period costs.

provide information to stockholders for investment decisions

Multiple Choice Question 38

The two basic types of cost accounting systems are

job order and process cost systems.

job order and process cost systems.

$128,200

36

%

Inventory

$ 818,100

$ 601,200

$216,900

36

%

Total assets

$3,173,600

$2,774,300

$399,300

14

%